Hi guys I'm just wondering is bitcoin creators able to lift or increase the limit of the number of bitcoins which can ever be produced(21,000,000)?
When you answer, if possible please also let me know how sure are you about the answer. I need some advise on this. Thanks.
Yes,
the development team (not the creator Satoshi who is now "retired") can change a few lines of code and increase/decrease the limit.
You are wrong, everyone can increase the limit of bitcoin but if the other 'people' are using a different versione of bitcoin client they will refuse the increase of the limit (I hope you understand).
Basically I can create another version of bitcoin with 21 bln of
BTC and convince the others to use it, then in this case I have increase the limit of that bitcoin 'client' and all the people who will use that version known and agree with me.
There is nothing wrong about what I said.
The OP asked if it can be done by the
creator.
Since the creator is now a goner all is left to the development team.
And we are talking about Bitcoin.
It is obvious that anyone can fork Bitcoin and create their own alt-coin, that is not what the OP asked though.